Overview
Innovation policies are essential for fostering economic growth and competitiveness. They encompass a range of strategies that governments implement to support research, development, and the commercialization of new ideas. By investing in innovation, countries can enhance productivity, create jobs, ...
Key Terms
Example: The smartphone is an innovation that changed communication.
Example: Countries with strong innovation policies often have high economic competitiveness.
Example: Tech companies invest heavily in R&D to develop new products.
Example: A city partnering with a tech firm to develop smart infrastructure.
Example: Universities often transfer research findings to startups.
Example: Startup incubators offer mentorship and funding.
Related Topics
Entrepreneurship
The process of starting and running new businesses, often driven by innovation.
intermediateGlobalization
The process of increased interconnectedness among countries, affecting innovation and competition.
intermediateEconomic Policy
Government actions that influence economic activity, including innovation policies.
intermediateKey Concepts
Economic GrowthResearch and DevelopmentPublic-Private PartnershipsTechnology Transfer